Medical Radiation Detection Market Size, Share, Growth Analysis, By Type(Gas-filled detectors, Scintillators), By End-use(Hospitals, Ambulatory surgical centers) - Industry Forecast 2024-2031

Global Medical Radiation Detection Market size was valued at USD 100 million in 2022 and is poised to grow from USD 106.80 million in 2023 to USD 180.78 million by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).

Medical radiation detectors are essential equipment used to identify the presence of radiation. Prolonged exposure to radiation can lead to various life-threatening illnesses, thus creating a demand for devices capable of measuring radiation levels in the body. Handheld Survey Meters (HSM), personal radiation detectors (PRD), Radiation Portal Monitors (RPM), and Radiation Isotope Identification Devices (RIID) are some of the primary detectors available for identifying radioactive materials and ionizing radiation. Technological advancements have made it possible for various radiation detection devices to become accessible for use at home. Dosimeters, for instance, are medical radiation detection equipment that can detect the presence of Gamma rays, which pose the most significant external radioactive threat. The increasing prevalence of cancer necessitates the use of medical radiation detectors, driving market expansion. Additionally, the use of nuclear medicine and radiation therapy for the diagnosis and treatment of acute radiation illness contributes to future market growth. The growing number of diagnostic imaging facilities that require medical radiation detectors to prevent excessive radiation exposure also fuels market development during the forecast period.

Increasing awareness about the importance of safety from prolonged radiation exposure, particularly in radiation-prone settings, along with a rise in the number of individuals with medical insurance, drives the growth of the medical radiation market. However, the high cost of medical radiation detection devices may hinder market expansion. Nonetheless, the potential for increased demand in emerging markets is expected to generate more opportunities for the industry in the coming years.

US Medical Radiation Detection Market is poised to grow at a sustainable CAGR for the next forecast year.